When it comes to setting public policy fires, Democrats get away with serial arson. A maladroit opposition party and a complaisant media ensure that the public will never pin the tail of blame on the donkey. Nowhere is this more evident than with interventionist housing policy. Decade’s worth of government intervention in the housing market almost single-handedly took down the economy. Bill Clinton’s National Homeownership | Read More »

Well, McCain and Obama both opposed a taxpayer bailout of Fannie Mae and Freddie Mac Just before Labor Day, Sen. Obama derided Fannie and Freddie as a “weird blend,” advocating that “If these are public entities, then they’ve got to get out of the profit-making business, and if they’re private entities, then we don’t bail them out.” He said later that he has “no sympathy” | Read More »

Tomorrow, the House will consider a massive housing bill that not only forces taxpayers to guarantee over $300 billion in new home loans for troubled borrowers, but also includes an unprecedented bailout for the trillion dollar mortgage giant Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac. This package is being rushed to the floor without having any hearings or markups on the matter, and | Read More »